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This will be detrimental to your business model, and only drive more viewing traffic and creators to YouTube, your direct competitor. The decision is gutting the years worth of work and experiences creators have with their community and not everyone will have the time or means to relocate or select what they’d like to keep.
Imagine each of these as bricks of your home. Suddenly someone comes in with a wrecking ball, knocks most of them out and you’re just left with a partial wall.
Stop making decisions that destroy the communities on your platform and ******* off the people responsible for making you money. Creators are customers just as much as they’re contracted employees.